Yellen Takes Friendshoring Case to India in Push Against China
- Treasury chief in New Delhi hails potential for deeper ties
- Yellen says world at pivotal moment, needs Russia to end war
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Janet Yellen, in India for the first time as US Treasury Secretary, touted her vision for a new form of globalized trade and investment that aligns like-minded nations and downgrades the role of China.
“For too long, countries around the world have been overly dependent on risky countries or a single source for critical inputs,” Yellen said in remarks at a Microsoft Inc. facility in New Delhi on Friday. “We are proactively deepening economic integration with trusted trading partners like India.”